Russian oil and gas condensate production fell to 39.7 million tons (9.39 million barrels per day or bpd) in May, Reuters reported citing Interfax news agency.
Russia usually produces 700,000-800,000 bpd of gas condensate. That means that excluding gas condensate, Russia produced 8.59-8.69 million bpd of crude oil in May.
This is close to its target under a deal within the OPEC+ group as per which Moscow has pledged to reduce its output by around 2.5 million bpd to 8.5 million bpd to help support oil prices.
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